China’s Industrial Profits Rise in May Amid Trade War Worries - Forex News by FX Leaders
China's industrial profits rise in May

China’s Industrial Profits Rise in May Amid Trade War Worries

Posted Thursday, June 27, 2019 by
Arslan Butt • 1 min read

According to data released by the National Bureau of Statistics (NBS), China’s industrial profits registered a rise by 1.1% in May after declining by 3.7% in April. Industrial firms’ profits in the first five months of 2019 touched 2.38 trillion yuan, down 2.3% from the same time last year.

However, the decline was less than the 3.4% drop in profits for January to April 2019 vs. one year ago. Faster sales and a lower rise in corporate costs were the main driver behind the rise in May’s figures.

In more encouraging news, the hi tech manufacturing sector as well as emerging industries’ profits also turned positive in May after declining in April. This news comes as a much needed relief for China that has been suffering a decline in industrial profits since H2 2018 and an ongoing trade war with the US.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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